Living Within Our Means
Guest: Friedman, Milton
Run time 28:00Producer The Open MindAudio/Visual sound, color
Theme: Public Affairs
January 30, 2012
...on Archive.org there's also a 1946 radio dramatization of Hayek's The Road To Serfdom. It is episode 96 here:
July 21, 2011
Anyone convinced of this man's sincerity has fallen for his warped ideology, hook line and sinker!
He's a nasty little example of how we went wrong!
Thankfully he's gone and his taint will someday fade away.
March 17, 2011
A good summary of the status of Liberty and where it is going
I am no stranger to Mr. Friedman as I have listened to,watched, and read some of his works. I do not always agree with him.
This interview was priceless. Mr Friedman gave very reasoned ideas and was though provoking. One cannot miss the touch of humor he injects in when talking about serious subjects.
What amazes me is how true the situation is today (2011) as it was back in 1975 when this was broadcast.
I highly recommend this show for all. Everyone can learn something from it.
December 21, 2006
Human Shield needs help with their term paper
Human Shield (against what? Intelligence? Common Sense?) claims "There has never been a documented monopoly on the free market."
Read at least a little before you post such rot.
Looks like the National Council on Economic Education is lying then...
and when your done your term paper Shieldy boy, come back and tell us all why the government broke up the phone company into all those "Baby Bells".
The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit of a remedy. But the mean rapacity, the monopolizing spirit of merchants and manufacturers, who neither are, nor ought to be, the rulers of mankind, though it cannot perhaps be corrected, may very easily be prevented from disturbing the tranquillity of anybody but themselves.
Adam Smith - The Wealth of Nations
Note the phrase "monopolizing spirit" - it means they will tend to do just that - form monopolies. Next time check your facts before you puke up another whopper Mr. Shield - or do you even have a clue on this subject?
here's another link for ya, Shield.
Have Pappy read it to you before bed time.
Adam Smith had brains - and more importantly, he had WISDOM - Friedman's a complete and utter idiot. He was a failure as an economist and a miserable human being. A classic asshole prescribing a totalitarian way of life on every living being on the planet.
He's a goof and a thug. Freedom means doing things Milts way.
It is nor *freedom* in any way, shape or form to have a system imposed upon you.
What part of that confuses mouth breathing market loving types?
Think about it. Just for a second... If you don't like a market system, but *everything* is based on ownership, you can't just go live in a cave if it's private property can you?
Lets hear Friedman talk about invalids, the mentally ill, those unable to fend for themselves, to work, to provide... No, morons like Milt forget that a society is only as strong as the weakest within it. People without means are free to curl up and die. Nice job Milt, you scumbag.
December 5, 2006
A Great Resource
It is too bad the confused are unable to get past roadblocks
"Mr. "Thank God he's dead" Friedman neglects to mention (among other things too numerous to point out here) that it is *precisely* because of "unfettered" economic freedom that a large part of government exists."
Friedman bases freedom on protecting human rights. Unfettered freedom can not be interpreted as a free pass to commit crime.
"Been polluted out of your house because of companies too greedy and stupid to clean up after themselves? Make a new branch of government and call it the EPA."
Actually factory owners were sued all the time under English common law starting in 1400's. It wasn't until the factory owners lobbied the government to declare that air and water was commonly owned in 1800s in America that they could pollute freely. Then government put a band-aid of EPA on the cancer they started.
"Adam Smith at least had a brain in his head, an understanding of human beings and understood the role of a business was to become a monopoly. He advocated strongly against this."
Smith never stated this. Smith said they would like to form cartels but greed would break the cartels in the end. There has never been a documented monopoly on the free market.
"North American Economics is state policy akin to brainwashing and the state in turn takes its cues from corporations."
Then why is harmful legislation to corporations ever passed? Why is it shocking to see that people use greed in the political market? Lots of groups use state power for their own ends, Friedman is arguing for less of that.
"Mr "Rot In Hell" Friedman would have us believe that humans exist to serve "the market",instead of the market existing to serve humanity."
No where does he give this impression. The market is humanity, humans serve each other.
Free Market History Buff
November 17, 2006
Milton Friedman, RIP (1912-November 16, 2006)
The fourth child of struggling immigrants from Austria-Hungary, Milton Friedman attained the well-deserved status of intellectual giant and may well be the most important economic thinker since Adam Smith.
Although Friedrich Hayek launched the first major challenge to the prevailing thinking behind the welfare state and socialism with his 1944 book The Road to Serfdom, Milton Friedman became the dominant intellectual force among those who turned back the leftward tide in what had seemed to be the wave of the future.
During the 19660s and 70s, FriedmanÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ¢ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂs intellect, bolstered by the ever more apparent failures of Keynesian analyses and policies, dismantled the then-entrenched Keynesian school of academic economics, forcefully asserting the moral and practical superiority of economic freedom.
Friedman attended Rutgers University on a scholarship. He supplemented his college expenses waiting on tables, clerking in a retail store, occasional entrepreneurial ventures, and summer earnings. At Rutgers, Friedman met Arthur F. Burns and Homer Jones, who directed him away from mathematics and towards the ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ¢ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂdismal science.ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ¢ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ JonesÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ¢ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂs recommendation earned Friedman a tuition scholarship in the graduate economics program at the University of Chicago.
At Chicago, Friedman met a shy, withdrawn, lovely, and extremely bright fellow economics student, Rose Director. They were married six years later. Rose Friedman was his active partner in his intellectual life ever since.
Friedman received his Ph.D. from Columbia University in 1946.
In 1962, Friedman published Capitalism and Freedom, bringing economic policy from the clouds down to earth. In it, Friedman makes the case for economic freedom as a precondition to political freedom. Among other things, he advocated a volunteer army, freely floating exchange rates, abolition of licensing of doctors, a negative income tax, and education vouchers.
In 1963, Friedman and Anna Schwartz coauthored Monetary History of the United States, 1867-1960, contending that the Great Depression was the result of ill-conceived Federal Reserve policies.
In 1976 he won the Nobel Prize in economics for ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ¢ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂhis achievements in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ¢ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ
His ideas spread worldwide with Free to Choose (coauthored with his wife, Rose Friedman), the best-selling nonfiction book of 1980, written to accompany a TV series on the Public Broadcasting System. This book made Milton Friedman a household name.
FriedmanÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ¢ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂs influence reached around the world, not only among economists, but also in political circles which began to understand why left-wing ideas that sounded so good produced results that were so bad.
On Thursday, November 16, 2006, Milton Friedman died at his home in San Francisco. He is survived by his wife Rose, daughter Janet, and son David.
Autobiography. From Nobel Lectures, Economics 1969-1980, Editor Assar Lindbeck, World Scientific Publishing Co., Singapore, 1992.
Milton Friedman, Biography: The Concise Encyclopedia of Economics: Library of Economics and Liberty.
Capitalism and Freedom - Wikipedia, the free encyclopedia.
Townhall.com::Milton Friedman at 90::By Thomas Sowell.
February 12, 2006
His ideas are so different...
His point of view are so different and his arguments so cohesively precise.
I liked it - If only the interview was more comprehensive topic-by-topic rather than like a talk-show interview.
Good deal - ideas are so relevant to all the so called 'democratic' countries!
December 16, 2005
Living within Milton's means
Interview with a rich economist who divides the people that hold us all back from being well off, into two groups: The do-gooders and the craft/trade unions. Those pesky do-gooder are always mucking things up, doing good, helping people, and generally assisting little old ladies across the street. The nerve of them! The trade unions are a monopolistic special interest...according to Milton. In Milton's world, there was no previous exploitation of the worker, no fiefdoms, no fuedal societies, no tyrants, no company store, no slavery, no kings, no Zsars, no dictators etc... In Milton's rosey world, if we didn't have those annoying government intrusions like the minimum wage, business would thrive unfettered and we'd all be better off. The only problem with this simplistic thinking is...history. Business did thrive unfettered. They exploited the worker. They exploited resources. They stole the land and materials, and enslaved whole populations.
A seemingly intelligent man, living in a cocoon, trys to convince us that unions, welfare, and government are holding us back from being the great business people we all have potential of being.
Isn't it time we stopped listening to rich people tell us how it's done? Stop consumption. A much better plan. This is an excellent series of interviews. Each is well worth your time. Topics are not dated and are very relevant to current events.
December 11, 2004
This has been a better presentation of what I understand to be the present Libertarian point of view than I have seen to date. This has been interesting, engaging, and thought provoking for me. And I am very glad I downloaded it.
Please let me relate to you that I have paid a lot of attention lately to the Libertarian and Green parties. In many ways there is much in common between them. But to date, the Libertarians have been unconvincing to me (subjective, I know) in the real depth of their compassion versus their self-interest. This man, conversely, is not only convincing to me that he is genuinely compassionate, but he also directly addresses the issue of the perception of selfishness in his positions.
Greens tend to be very much in favor of small govornment, stressing local govornment whenever possible. But one great exeption to this is health care. Greens favor universal healthcare - a single payor system.
Health care is an especially large issue. Libertarians have not thus far given me adequate and believable answers on what to do with the very poor, invalid, or the 'uninsurable'. This is a huge issue to wrestle with and get your mind around. It is not simple and anyone telling me that it is, from any position, is to me simply not giving it the thought and consideration it deserves. Once upon a time if your house was burning, the private fire company would just watch it burn if you were not one of their customers. This is unthinkable today. So what do we do? Do we privatize fire and police or do we de-privatize health insurance? None of this is easy. Lets hope few have to suffer while we work it all out.
Greens also push for a living wage. It is scandalous how little many people are paid, and how poorly treated, even with the minimum wages. But I don't believe there are ready answers for this. Watching this has definitely helped keep my mind open regarding minimum wage law.
I have a reasoning mind. But it cannot be at peace unless my heart is in it. I appreciate you reading my thoughts. Thank you Internet Archive for this episode of The Open Mind. I recommend it, and urge us all to try and keep our minds open and thoughtful.
Peace thru Understanding,
October 29, 2004
Friedman gives perhaps the greatest arguement for small government and the free market that I have ever heard